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TechCrunch Startup News
Lighthouse, an analytics provider for the hospitality sector, lights up with $370M at a $1B valuation
Nov 22, 2024
The hospitality sector is buzzing with news of a $370 million funding round for a data analytics platform. This fresh investment has catapulted its valuation past the $1 billion mark. The focus is on using advanced analytics and AI to transform business intelligence in hotels and related businesses. It's an exciting time for B2B startups as the travel industry experiences a significant revival!
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Quick takeaways
- Lighthouse raised $370 million in Series C funding, boosting its valuation to over $1 billion amid travel industry growth.
- The platform processes 400 terabytes of travel data daily, offering AI-driven analytics to enhance hospitality businesses' pricing and services.
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Significant Fundraising Boost for Lighthouse
Lighthouse, a data analytics platform catering to the hospitality industry, has successfully closed a Series C funding round worth $370 million, significantly boosting its valuation to over $1 billion. This investment, primarily led by KKR, is one of the largest fundraising rounds for a startup in London and within the travel sector this year. The capital will enable Lighthouse to enhance its datasets, analytics tools, and artificial intelligence features, as well as potentially pursue acquisitions to accelerate growth. The company has already completed four acquisitions, including the recent purchase of Stardec, which enhances its offerings in hotel reservation management.
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